News

Avenue Capital Management will not sell its leveraged loan and collateralized loan obligations business, and instead will seek to acquire one or more other high-yield fund shops.

Hedge fund administrator Butterfield Fulcrum has opened a Chicago office to focus on client relationship management and U.S. business development.

Gregory ArnoldWith the White House and a Democratic Congress on board, the U.S. is likely to adopt a carbon emissions reduction policy this year. That probability is creating enormous interest in the future of carbon trading, and investing in it.

CleanTech Brief’s Jonathan Shazar recently spoke with Gregory Arnold, managing partner of San Diego-based CE2 Capital Partners, about carbon cap-and-trade programs, the current legislative and regulatory environment, and the future of carbon investing.

U.S. President Barack Obama, with the agreement of 10 of the world’s largest auto companies, has introduced sweeping new regulations for automakers, raising fuel efficiency standards and reducing allowable tailpipe emissions.

The cleantech private equity market has grown substantially in recent years and there are currently over 380 active firms, which are focusing on the sector, according to a new report.

Networking giant Cisco on Monday will announce plans to make communications equipment for the electricity grid – from routers in grid substations to home energy controllers, reports CNET news.

California-based Greenhouse Capital Partners, a backer of seed-stage cleantech start-ups, has decided to reopen its $12 million first fund rather than launching a second, reports VentureWire.

German automaker Daimler has acquired almost 10% of the electric car company Tesla Motors for an unspecified amount of money – Daimler said only that the deal was worth tens of millions of dollars.

The Canadian government has officially launched the CAD 1 billion ($866 million) Clean Energy Fund announced in the budget.

Asia’s largest hedge fund manager lost ¥23.3 billion (US$242 million) in the year ended March 31, as revenue fell more than 70% and assets under management dropped more than 40%.